The EU Has Lots of Options for Targeting Russian Oil. It Should Use Them

The EU Has Lots of Options for Targeting Russian Oil. It Should Use Them
The words “No Money for Murderers, Stop the Oil and Gas Trade” are projected by activists onto the Russian consulate in Frankfurt, Germany, April 4, 2022 (AP photo by Michael Probst).

In banning Russian coal imports from August onward, the European Union has finally broken the “energy taboo” that had beset its discussions of punitive sanctions against Russia for the war in Ukraine. Yet, the coal ban is not going to hit Russia’s economy very hard. With the clock now ticking as Russia prepares its next offensive in eastern Ukraine, Europe should press ahead and move swiftly toward measures that target Russian oil imports. Western sanctions adopted against Russia since the start of the war in Ukraine have been unprecedented in both scale and scope. They have also been insufficient. Russia’s […]

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